Posts Tagged ‘toyota’

Class-action lawsuits could cost Toyota $3B-plus (AP)

FILE - In this Jan. 26, 2010 photo, a 2010 Toyota Corolla is shown at Toyota  dealership in San Francisco. In the lawsuits, Toyota owners suing the company contend they paid far more for their vehicles than they were worth, and that Toyota knew all along about these problems but concealed them from buyers. They point to evidence such as Kelley Blue Book's decision earlier this month to lower the resale value of recalled Toyotas an average of 3.5 percent, ranging from $300 less for a Corolla to $750 for a Sequoia. (AP Photo/Jeff Chiu, File)AP – Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.


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AP IMPACT: Toyota secretive on ‘black box’ data (AP)

Crashed cars with airbags deployed are shown to visitors as part of the display of Toyota Motor Corp.'s safety performance standards, called 'Global Outstanding Assessment,' at the automaker's exhibition hall in Toyota, central Japan, Thursday, March 4, 2010. Toyota has for years blocked access to data stored in devices similar to airline 'black boxes' that could explain crashes blamed on sudden unintended acceleration, according to an Associated Press review of lawsuits nationwide and interviews with auto crash experts.  (AP Photo/Shuji Kajiyama)AP – Toyota has for years blocked access to data stored in devices similar to airline “black boxes” that could explain crashes blamed on sudden unintended acceleration, according to an Associated Press review of lawsuits nationwide and interviews with auto crash experts.


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Senate panel to review Toyota recalls (AP)

A Toyota Motors Tsutsumi factory worker assembles a Prius hybrid vehicle in Toyota City, Aichi prefecture. Japan's jobless rate slipped back below five percent in January, data has shown, but the government voiced concern that Toyota's recall crisis and deflation could threaten the export-led recovery.(AFP/File/Toshifumi Kitamura)AP – Toyota Motor Corp. faces more questions from Congress over its troubled safety record when top company officials testify Tuesday at a Senate hearing on the automaker’s huge worldwide recall of 8.5 million vehicles.


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Toyota chief blasted by lawmakers despite apology (AP)

Toyota President and Chief Executive Officer Akio Toyoda, left, and Yoshimi Inaba, right, president and chief executive officer, Toyota Motor North America, are sworn-in on Capitol Hill in Washington, Wednesday, Feb. 24, 2010, prior to testifying before the House Oversight and Government Reform Committee hearing on Toyota. (AP Photo/Susan Walsh)AP – Under blistering criticism, Toyota President Akio Toyoda personally and repeatedly apologized to Congress and millions of anxious American car-owners Wednesday for deadly defects in popular models produced by his Japanese company. But angry lawmakers forcefully declared it was hardly enough.


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Toyota CEO apologizing for recall, accidents (AP)

James E. Lentz, president and chief operating officer, Toyota Motor Sales, USA, Inc., testifies on Capitol Hill in Washington, Tuesday, Feb. 23, 2010, before the House Oversight and Investigations subcommittee hearing on Toyota. (AP Photo/Alex Brandon)AP – Toyota CEO Akio Toyoda came to Washington to publicly apologize to Congress Wednesday for safety lapses that led to widespread recalls for accelerator and braking failures and for a corporate culture that may have made things worse. A House committee chairman said blame must be shared by both Toyota and U.S. safety regulators.


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Toyota CEO apologizes for recall, accidents (AP)

James E. Lentz, president and chief operating officer, Toyota Motor Sales, USA, Inc., testifies on Capitol Hill in Washington, Tuesday, Feb. 23, 2010, before the House Oversight and Investigations subcommittee hearing on Toyota. (AP Photo/Alex Brandon)AP – Japanese formality meets freewheeling Washington as the mysterious scion of the Toyota empire apologizes before a House committee investigating deadly flaws that sparked the recall of 8.5 million cars.


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Toyota recalls won’t ‘totally’ fix sudden surges (AP)

James E. Lentz, president and chief operating officer, Toyota Motor Sales, USA, Inc., testifies on Capitol Hill in Washington, Tuesday, Feb. 23, 2010, before the House Oversight and Investigations subcommittee hearing on Toyota. (AP Photo/Alex Brandon)AP – Massive recalls of popular Toyota cars and trucks still may “not totally” solve frightening problems of sudden, unintended acceleration, the company’s American sales chief conceded Tuesday, a day before the Japanese president of the world’s largest automaker must confront angry U.S. lawmakers.


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